China has made progress on gas pricing reforms, with a linkage between upstream costs and end-user tariffs finally in place, but certain players along the gas value chain are reaping the benefits more than others. [Gas in Transition, Volume 3, Issue 11]
India has revised the APM formula for legacy fields allocated to ONGC and OIL on a nomination basis. Prices for the next month will be 10% of the imported Indian crude basket
Reliance Consumer Products’ ambitious foray into the FMCG market could rewrite sector rules, given the sustained disruptive pricing, and likely extension of credit to traders
The Union Cabinet on Thursday approved new gas pricing guidelines, paving the way for linking natural gas prices in India to global crude prices. Under the new guidelines, the price of natural gas will be 10% of the monthly average of the Indian crude basket, a weighted average of Dubai and Oman (sour) and Brent Crude (sweet) oil prices.
The Union Cabinet on Thursday approved new gas pricing guidelines, paving the way for linking natural gas prices in India to global crude prices.The Cabinet also approved a floor price of $4 per mmBtu and a ceiling of $6.50 per mmBtu under the Administered Price Mechanism.